America’s SBDC Blog

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Are Remote Workers Actually Working?

March 11, 2019
From TSheets, by Quickbooks –

TSheets logoSurvey asks employers and employees to weigh in on remote workers’ performance and productivity.

When it comes to answering the question “Are remote workers actually working?” it’s easy to hear some skepticism behind the text. “Working from home” often comes with its own set of air quotes, like it’s code for “hanging out” or “watching Netflix.” But is that skepticism deserved? Or are remote workers getting a bad rap?

To get a clearer picture of remote workers and their habits, TSheets conducted two surveys: One for remote employees and one for employers who have remote workers on their team.* In addition to asking how remote employees spend their time on the clock, we asked about productivity, performance, and perceptions. (more…)

Book Value and Business Valuation

March 6, 2019
By Shawn Hyde, International Society of Business Appraisers (ISBA) –

Book Value and Business ValuationEvery so often I come across a valuation report where the value of a shareholder’s interest in the company has been based on the Book Value of the business. Book Value is likely used because it is easy. It is updated every time the financial statements are updated, so it is always current. But in this article, I want to explore Book Value in more detail.

Book Value is tracked on a balance sheet by an enterprise’s accountants. The current asset section is fairly easy. Cash is equal to the amount of cash owned by the business, and the Book Value of cash is always equal to its Fair Market Value.

Accounts receivable are listed at the amount of cash the company is owed for services or products rendered, usually less an estimated amount for uncollectible accounts. Most of the time this asset’s Book Value is at least close to Fair Market Value. (more…)

America’s #SBDC Showcases Clients in the Nation’s Capital

February 14, 2019

America’s Small Business Development Centers (SBDCs), SBDC leaders, advisors, clients, partners, and stakeholders gathered on Capitol Hill for the fifth annual Client Showcase and Reception on Tuesday, February 12. Representative Steve Chabot of Ohio, Ranking Member of the Committee on Small Business, addressed the reception guests. Several of his colleagues also visited the reception, in which America’s SBDC Network showcased 11 SBDC clients from across the country.

The SBDC clients were Butter Cloth (California), Atlantic Models, Inc. (Florida), Nymbl Systems (Kentucky), Jordan Research and Development, LLC (Maryland), Inductive Intelligence LLC (Michigan), DogSpot (New York), Whites Energy Services, LLC (Oklahoma), Extremiti3D (South Carolina), Port City Brewing Company (Virginia), FLEXHIBIT (Washington), and JesterLine (West Virginia).

“America’s SBDCs are proud to play a critical role in the health of small businesses. The success of our clients is a sign of the shared hard work of our advisers and our clients. For almost 40 years, small businesses have been going to their local SBDCs, building relationships, and getting the training, financing and expertise they need to thrive,” said Charles “Tee” Rowe, President & CEO of America’s SBDC. (more…)

Creating a High-End Gaming and Technology Center – #SBDC Client Showcase

February 12, 2019
JesterLine (@JesterLineGT)
Countdown to the 2019 Client Showcase: #1

SBDC: West Virginia SBDC – Upshur County EDA Center (wvsbdc.com)
JesterLine logoSBDC Advisor: Susannah Higgins.

JesterLine is West Virginia’s first high-end gaming technology and innovation center. It specializes in bringing the newest gaming technologies for all ages to the surrounding community, staying up-to-date with technology trends and advancements.

JesterLine offers customers a safe, family-friendly environment where they can experience the best that modern gaming has to offer, including competition with other gamers, both locally and globally through its network platform. It also gives its customers the opportunity to build necessary skills through computer-based training. It provides options for K-12 technology solutions and SMB services, with IT consultations, hardware and software solutions, and repairs. (more…)

Expanding its Exhibit Market Internationally – #SBDC Client Showcase

February 11, 2019
FLEXHIBIT (FLEXHIBIT.com)
Countdown to the 2019 Client Showcase: #2

FLEXHIBITSBDC: Washington SBDC, Spokane (wsbdc.org)
SBDC Advisor: Vern Jenkins and Duane Fladland.

FLEXHIBIT is an exhibit manufacturing company that provides innovative, engaging, and high-quality STEM exhibits to Science Centers and Children’s Museums. With help from the Washington SBDC, FLEXHIBIT has successfully expanded its market internationally.

The company’s exhibits work with a portable, modular wall system called FlexWall, which allows customers to switch out inspiring STEM exhibits in a highly affordable manner, with quick turnaround times. Mounting on modular wall systems means you can rotate FLEXHIBIT exhibits – they can be swapped out in hours for new exhibits that can be arranged in a variety of patterns, which helps the science center or children’s museum stay relevant to its visitors. (more…)